| Intrinsic Valuation of: INDUSTOWER | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 27 | Market Cap | ₹1,134B | |||||
| 2022 | - | - (-) | P/E Ratio | 16 | Total Asset | ₹713B | |||||
| 2023 | ₹43B | - (-) | Net Income | ₹71B | Total Debt | ₹0 | |||||
| 2024 | ₹26B | -38.6% (-39.1%) | EBITDA | ₹186B | Total Liab | ₹317B | |||||
| 2025 | ₹129B | 389.2% (364.4%) | Opr Margin | 33.34 | Debt/Equity | - | |||||
| 2026 | ₹71B | -45.1% (-49.1%) | PreTax Margin | 27.52 | BV/Share | 150 | |||||
| 5Y Average FCF | ₹67B | 15.0% (92.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2027 | ₹80B | MBG Intrinsic Value | ₹242 | ||||||||
| 2028 | ₹90B | ||||||||||
| 2029 | ₹99B | ||||||||||
| 2030 | ₹106B | ||||||||||
| 2031 | ₹112B | ||||||||||
| 2032 | ₹114B | ||||||||||
| Terminal Value | ₹2,594B | Net Worth/Share | ₹150 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹2,200B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹473M | ₹834 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 6.5% | 783 | 853 | 940 | 1,052 | 1,201 | |||
| Equity Value | ₹2,200B | 7.1% | 695 | 748 | 812 | 892 | 994 | ||||
| Shares Outstanding | 2,637,153,391 | 7.8% | 623 | 664 | 714 | 773 | 846 | ||||
| 8.4% | 565 | 598 | 636 | 682 | 736 | ||||||
| DCF Intrinsic Value | ₹834 | 9.0% | 517 | 543 | 574 | 610 | 653 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||